How did UNF's revenue and expenses trend in Q1 2025 compared to previous quarters?
4/14/2025 04:34pm
**Unifirst Corporation (UNF) showed a positive revenue trend in Q1 2025 compared to previous quarters**, with a slight decline in expenses.
1. **Revenue Trend**:
- UNF's total revenue for Q1 2025 was $604.91 million.
- The revenue in Q4 2024 was $639.87 million, which was the highest compared to other quarters in the period.
- The revenue in Q3 2024 was $603.33 million, and in Q2 2024, it was $590.71 million.
- The revenue in Q1 2024 was $602.22 million.
- The overall trend shows an increase from Q1 2024 to Q3 2024 and a slight decrease from Q3 2024 to Q1 2025, but it is still higher than the revenue in Q1 2024.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|UNF|UNF.N|Unifirst|2024 Q2|8.848497579653984|5.90711E8|169|
|UNF|UNF.N|Unifirst|2024 Q3|4.623110698009947|6.03328E8|169|
|UNF|UNF.N|Unifirst|2024 Q4|11.88637675077375|6.39867E8|169|
|UNF|UNF.N|Unifirst|2025 Q1|1.917863611473822|6.04908E8|169|
2. **Expense Trend**:
- There were no reported expenses in Q1 2025.
- However, in Q4 2024, the company reported expenses of approximately $2.5 million related to its key initiatives, such as customer relationship management and enterprise resource planning projects.
- The company's cost of sales decreased from Q1 2024 to Q1 2025, representing a decrease from $381.1 million to $381.054 million.
- Selling and administrative expenses increased from Q1 2024 to Q1 2025, amounting to $133.5 million.
- Depreciation and amortization also increased from Q1 2024 to Q1 2025, totaling $34.8 million.
3. **Financial Highlights**:
- UNF reported an operating income of $55.5 million in Q1 2025, which was a 4.5% increase from the corresponding period in the prior fiscal year.
- Adjusted EBITDA increased to $94.0 million compared to $88.7 million in the prior year, representing a 5.9% increase.
- Net income increased to $43.1 million from $42.3 million in the prior year, with diluted earnings per share increasing to $2.31 from $2.26.
4. **Segmental Analysis**:
- Revenues from Core Laundry Operations increased by 1.7% year-over-year to $532.7 million.
- The Specialty Garments segment saw a 2.9% year-over-year increase to $45.9 million.
- The First Aid segment rose by 5.4% year-over-year to $26.2 million.
In conclusion, UNF's revenue showed a positive trend in Q1 2025 compared to previous quarters, with a slight decrease in expenses. The company's financial performance was bolstered by increased revenues from its core operations and strategic segments.